Stocks Tumble To Red As "Good News Is Bad News"

Having heard the great and good declare this morning's "beat" on the headline NFP data as indicative of 1) the recovery is awesome; 2) the reason why stocks have been rallying; and 3) the recovery is awesome... it appears between a rising unemployment rate, tumbling average hourly earnings, and Gazprom's threat in Europe, stocks are taking this "good news" as "bad news." Confirmed by Hilsenrath that the taper is on - which is what bonds, gold, and the dollar appeared to be saying - the S&P 500 having spiked 10 points is now 13 points off its highs and in the red for the day...

ZH was right for just few minutes stocks back up defying any reasoning for them going down... So what is the half life of ZH being right? Don't get me wrong I agree with everything ZERO HEDGE says but that doesn't make them or me right on the markets

Hey Fonestar. Where in the USA can you buy Bitcoins? I mean where to buy without paying an outrageous fee and going through some really unscrupulous looking website where you don't know if your money will disappear the second you hit the send button?

ZH doesn't call the direction of the markets as far as I can see. Most here have not been calling for the market to tank. They simply shed light on the real truths behind the economy. They are also guilty of overstating the negative case at times.

I'm with you Ness, the ZH bottom-calling post is almost 100% reliable. So much so that Kevin Henry must be timing his interventions accordingly ... you would think a conspiracy theory like that would get more positive reception here.

I think I understand now. "Cash is King"...interest rates on savings should rise and rise quite nicely here. I still haven't pulled my bond bet yet because if the EU "massively counter attacks Mother Russia" that opens up the Gates of Muscovy.

Remember when the media said we needed to add 350k jobs a month to be healthy. That 400k signals strong job growth. Remember when they used to say we need at least 225k just to keep up with population growth.

Now like earnings all that matters is that the number beats or misses the arbitrary prediction of investment banks.

Stocks cheer a number that is barely over half the number needed to keep up with population growth, and a number that is pure bullshit anyway. Every month last year the real number showed fewer people working during the month than the prior year. Real world job losses, not gains. People that did go to work did so because benefits were cut, taking any job at the lowest pay just to get money.

You idiot!! What crap! Have you never heard of the Plunge Protection Team? Just look at the graph now. What the hell did you expect would happen. Look at the price of the metals (except copper). The manipulators are always at work. I pray for the collapse.

Dorian S. Nakamoto, the man that Newsweek claims is the founder of Bitcoin, denies he had anything to do with it and says he had never even heard of the digital currency until his son told him he had been contacted by a reporter three weeks ago.